Augean Plc

Exercise of Options, PDMR Dealing and TVR

RNS Number : 8112R
Augean Plc
05 March 2019
 

5 March 2019

Augean plc ("Augean" or the "Company")

Exercise of options, PDMR dealing and total voting rights

Augean, one of the UK's leading specialist waste management businesses, announces that Gene Wilson, the Corporate Stewardship Director and PDMR, has executed options over 202,531 ordinary shares (the "Options") of 10 pence each in the capital of the Company ("Ordinary Shares"). The Options were awarded on 21 December 2009 under both the Company's Authorised Share Option Scheme adopted on 31 January 2005 (being 75,949 options) and the Company's Unauthorised Share Option Scheme adopted on 13 December 2004 (being 126,582 options) (the "Schemes").  It is noted that this exercise has been executed due to the nearing of the ten-year deadline for exercising under these Schemes.  The total shares awarded were sold with the main aim of satisfying the exercise price of 39.5p and the resulting tax liability.  Gene remains a key member of the Management Board and an active member of a number of the Company's ongoing long-term incentive plans representing a significant future value potential.

Application has been made to the London Stock Exchange for the 202,531 Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective at 8.00 a.m. on 11 March 2019.

Following Admission, the total number of Ordinary Shares in issue will be 103,988,323 and the total number of voting rights will therefore be 103,988,323. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.

-  Ends -

 

Enquiries:

 

Augean plc

Jim Meredith, Executive Chairman

Mark Fryer, Group Finance Director

 

01937 844 980

N+1 Singer

Shaun Dobson

Jen Boorer

 

020 7496 3000



 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Gene Wilson

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Corporate Stewardship Director, PDMR

b)

 

Initial notification /Amendment

 

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Augean plc

b)

 

LEI

 

 

213800FX9OGD148QCP81

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

 

Ordinary Shares of 10 pence each

 

 

GB00B02H2F76

b)

 

Nature of the transaction

 

 

Exercise of options

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

39.5 pence (exercise price)

202,531

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

N/A

 

 

 

e)

 

Date of the transaction

 

 

4 March 2019

f)

 

Place of the transaction

 

 

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Gene Wilson

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Corporate Stewardship Director

b)

 

Initial notification /Amendment

 

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Augean plc

b)

 

LEI

 

 

213800FX9OGD148QCP81

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

 

Ordinary Shares of 10 pence each

 

 

GB00B02H2F76

b)

 

Nature of the transaction

 

 

Sale of shares

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

91 pence

202,531

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

N/A

 

 

 

e)

 

Date of the transaction

 

 

4 March 2019

f)

 

Place of the transaction

 

 

London stock exchange

 


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